Boca banks get healthier

1st United Bank’s Warren Orlando, John Marino and Rudy Schupp led the company to a five-star rating for the first quarter of 2014. Photo by Chris Matula/The Palm Beach Post

It’s a good time to be a bank headquartered in Boca Raton, according to the latest BauerFinancial ratings.

The research firm says three of the four banks headquartered in Boca achieved perfect five-star safety ratings in the first quarter. 1st United Bank and First Southern Bank both moved to five stars, or “superior,” from four stars, or “excellent,” in the fourth quarter. And Paradise Bank remained at five stars.

The fourth Boca institution, Legacy Bank, climbed to three stars, or “adequate,” from two stars, or “problematic.”

In other upgrades, Flagler Bank of Lake Clarke Shores jumped to three stars from two, and Seacoast National Bank of Stuart moved to four stars from three and a half stars, or “good.”